New Mexico Involuntary Corporate Dissolution Law

According to N.M. Stat. Ann. § 53-16-13 to 15, a corporation may be dissolved involuntarily by a decree of the district court of Santa Fe county in an action filed by the attorney general, when it is established that the corporation procured its articles of incorporation through fraud; or has continued to exceed or abuse the authority conferred upon it by law.

Every action for the involuntary dissolution of a corporation shall be commenced by the attorney general in the district court of Santa Fe county.  Summons shall issue and if process is returned not found, the attorney general shall cause publication to be made in some newspaper published in the county containing a notice of the pendency of the action.  Thereafter, the attorney general shall cause a copy of the notice to be mailed to the corporation at its registered office within ten days after the first publication.  The notice shall be published at least once each week for two successive weeks.  The first publication may begin at any time after the summons has been returned.  Default shall not be taken against the corporation earlier than thirty days after the first publication of the notice, unless a corporation has been served with summons.


Inside New Mexico Involuntary Corporate Dissolution Law